Understanding and choosing the right payment solutions

Whether you are a new merchant trying to accept credit card payments or looking for a better education on payments as a benefit to your business, the entire card payment chain can appear very complex. There are many players in a payment transaction, with each of them providing essential services to keep the process moving.
Two of these players are the payment processor and the payment gateway. On the surface, the two terms look similar. However, a payment gateway is completely different from a payment processor as they both serve entirely different functions.